Thailand Adhesives Industry Report Probes the XXX Million Size, Share, Growth Report and Future Analysis by 2033

Key Insights

The Thailand adhesives market, valued at approximately \$[Estimate based on market size XX and value unit Million. A reasonable estimate considering a growing CAGR of over 6% could be between \$100M and \$200M in 2025] million in 2025, exhibits robust growth potential, projected to expand at a CAGR exceeding 6% from 2025 to 2033. This expansion is fueled by several key drivers. The burgeoning construction and automotive sectors in Thailand significantly contribute to increased demand for adhesives. The rising popularity of advanced adhesive technologies, such as UV-cured and hot-melt adhesives, across various end-use industries like packaging and footwear, further fuels market growth. Increased investments in infrastructure development and a growing manufacturing base also propel market expansion. However, challenges remain, including fluctuating raw material prices and environmental concerns surrounding certain adhesive types. The market is segmented by resin type (acrylic, cyanoacrylate, epoxy, polyurethane, silicone, VAE/EVA, and others), end-user industry (aerospace, automotive, building & construction, footwear & leather, healthcare, packaging, woodworking & joinery, and others), and technology (hot melt, reactive, solvent-borne, UV cured, and water-borne). Leading players like Henkel, 3M, Arkema, and Sika compete intensely, driving innovation and product diversification.

The forecast period (2025-2033) anticipates continued growth, driven by government initiatives promoting industrial development and expanding consumer demand. The market's segmentation presents opportunities for specialized adhesive manufacturers catering to specific industry needs. The increasing adoption of sustainable and eco-friendly adhesive solutions will likely shape future market dynamics. While raw material price volatility remains a concern, the overall positive outlook for Thailand's economy and its manufacturing sectors suggests sustained growth for the adhesives industry in the coming years. Companies are expected to focus on expanding their product portfolios, enhancing their distribution networks, and exploring strategic collaborations to capitalize on the growth opportunities presented by this dynamic market.

Thailand Adhesives Industry: Market Report 2019-2033

This comprehensive report provides an in-depth analysis of the Thailand adhesives industry, covering market dynamics, leading players, key trends, and future growth prospects. With a study period spanning 2019-2033, a base year of 2025, and a forecast period of 2025-2033, this report is an essential resource for industry stakeholders, investors, and strategic decision-makers. The report includes valuable data on market size (in Millions), CAGR, and market share, offering actionable insights for navigating this dynamic market.

Thailand Adhesives Industry Market Dynamics & Concentration

The Thailand adhesives market is characterized by a moderate level of concentration, with several multinational corporations and domestic players vying for market share. While precise market share figures for individual companies remain proprietary information, we estimate that the top five players account for approximately xx% of the total market value in 2025. Innovation is a key driver, with companies continuously developing new adhesives to meet evolving industry needs. Stringent regulatory frameworks, particularly concerning environmental compliance and worker safety, are shaping product development and manufacturing practices. The market also sees competitive pressures from product substitutes, especially in specific niche applications. Mergers and acquisitions (M&A) activity has been relatively low in recent years, with only xx major deals recorded between 2019 and 2024. End-user trends, particularly the growth of the construction and automotive sectors, are significant growth drivers.

• Market Concentration: Moderately concentrated, with top 5 players holding approximately xx% market share (2025 estimate).
• Innovation Drivers: Development of eco-friendly, high-performance adhesives.
• Regulatory Framework: Stringent environmental and safety regulations.
• Product Substitutes: Competition from alternative bonding methods.
• M&A Activity: Relatively low, with xx major deals recorded (2019-2024).
• End-User Trends: Growth in construction and automotive sectors fuels demand.

Thailand Adhesives Industry Industry Trends & Analysis

The Thailand adhesives market is projected to exhibit a CAGR of xx% during the forecast period (2025-2033), driven by robust growth across various end-use industries. Key growth drivers include the burgeoning construction sector, expanding automotive manufacturing, and rising demand for packaging materials. Technological advancements, particularly in the development of high-performance, eco-friendly adhesives, are further fueling market expansion. Consumer preferences are increasingly shifting towards sustainable and readily available solutions, which is impacting product formulation and innovation. Intense competitive dynamics are encouraging companies to prioritize differentiation, leading to the introduction of specialized adhesives catering to niche applications. Market penetration of specific adhesive technologies is varying, with water-borne and reactive adhesives experiencing the strongest growth, while solvent-borne adhesives are showing slower growth due to environmental regulations.

Leading Markets & Segments in Thailand Adhesives Industry

The Building and Construction sector is the dominant end-user industry for adhesives in Thailand, accounting for approximately xx% of the total market value in 2025. This is primarily due to robust infrastructure development and rising real estate construction activities. Within resin types, Acrylic adhesives hold a significant market share, driven by their versatility and cost-effectiveness.

• Dominant End-User Industry: Building and Construction (xx% market share in 2025).
• Key Drivers for Building & Construction: Government infrastructure projects, rising urbanization.
• Dominant Resin Type: Acrylic adhesives.
• Key Drivers for Acrylic Adhesives: Versatility, cost-effectiveness.

Other significant segments include:

• Automotive: Growing automotive production drives demand for specialized adhesives.
• Packaging: Increasing consumption and e-commerce activities boost packaging adhesive demand.

Thailand Adhesives Industry Product Developments

Recent product developments showcase a strong emphasis on sustainability and improved performance. The introduction of bio-based adhesives and solvent-free formulations underscores the industry's commitment to environmental responsibility. Simultaneously, advancements in acrylic and other adhesive technologies are delivering enhanced bonding strength and durability, meeting the increasingly stringent requirements of various end-user industries.

Key Drivers of Thailand Adhesives Industry Growth

Several factors contribute to the growth of the Thailand adhesives industry:

• Economic Growth: Sustained economic expansion in Thailand fuels demand across multiple sectors.
• Infrastructure Development: Government investments in infrastructure projects stimulate adhesive consumption.
• Technological Advancements: Innovation in adhesive technologies leads to higher-performance products.
• Rising Consumer Spending: Increased disposable incomes drive demand in various end-user markets.

Challenges in the Thailand Adhesives Industry Market

The Thailand adhesives market faces certain challenges:

• Raw Material Price Volatility: Fluctuations in raw material costs impact profitability.
• Stringent Environmental Regulations: Compliance with stringent environmental rules increases manufacturing costs.
• Intense Competition: Competition from both domestic and international players puts pressure on pricing.

Emerging Opportunities in Thailand Adhesives Industry

The Thailand adhesives market presents numerous opportunities:

• Growing E-commerce: Expansion of e-commerce boosts demand for packaging adhesives.
• Renewable Adhesives: Growing interest in eco-friendly adhesives presents a significant market opportunity.
• Strategic Partnerships: Collaboration between adhesive manufacturers and end-users can lead to innovative solutions.

Leading Players in the Thailand Adhesives Industry Sector

• Henkel AG & Co KGaA
• Star Bond (Thailand) Company Limited
• Selic Corp Public Company Limited
• 3M
• Arkema Group
• Huntsman International LLC
• Dow
• H B Fuller Company
• DUNLOP ADHESIVES (THAILAND) CO LTD
• Sika AG

Key Milestones in Thailand Adhesives Industry Industry

• September 2021: Henkel launched its newly developed solvent-free and zero-VOC adhesive range for rubber lining.
• October 2021: 3M introduced a new generation of acrylic adhesives, including 3M Scotch-Weld Low Odor Acrylic Adhesive 8700NS Series, 3M Scotch-Weld Flexible Acrylic Adhesive 8600NS Series, and 3M Scotch-Weld Nylon Bonder Structural Adhesive DP8910NS.
• December 2021: Arkema introduced a new range of disposable hygiene adhesive solutions formulated with bio-based renewable content under the Nuplaviva brand.

Strategic Outlook for Thailand Adhesives Industry Market

The Thailand adhesives market is poised for sustained growth, driven by increasing industrialization, infrastructure development, and rising consumer demand. Strategic opportunities lie in developing innovative, sustainable adhesive solutions that cater to the evolving needs of various end-user industries. Focus on product differentiation, technological advancements, and strategic partnerships will be crucial for success in this competitive market.

Thailand Adhesives Industry Segmentation

• 1. End User Industry
  • 1.1. Aerospace
  • 1.2. Automotive
  • 1.3. Building and Construction
  • 1.4. Footwear and Leather
  • 1.5. Healthcare
  • 1.6. Packaging
  • 1.7. Woodworking and Joinery
  • 1.8. Other End-user Industries
• 2. Technology
  • 2.1. Hot Melt
  • 2.2. Reactive
  • 2.3. Solvent-borne
  • 2.4. UV Cured Adhesives
  • 2.5. Water-borne
• 3. Resin
  • 3.1. Acrylic
  • 3.2. Cyanoacrylate
  • 3.3. Epoxy
  • 3.4. Polyurethane
  • 3.5. Silicone
  • 3.6. VAE/EVA
  • 3.7. Other Resins

Thailand Adhesives Industry Segmentation By Geography

• 1. Thailand